Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 91081140: A Comprehensive Guide to Watch Movements

Watch movements, also known as watch mechanisms, are the heart and soul of a timepiece. They are responsible for keeping accurate time and powering the various functions of a watch. In this article, we delve into the world of watch movements, focusing specifically on HS Code 91081140.

Product Description

The HS Code 91081140 refers to complete and assembled watch movements that are electrically operated and equipped with a mechanical display or device to incorporate such a display. These movements typically have 0-1 jewel, which are small bearings used to reduce friction and enhance the accuracy of the timekeeping mechanism.

Bound / MFN Duty Rate

The bound / MFN duty rate for watch movements under HS Code 91081140 is 36 cents each, with an additional 5.3% duty rate on the battery. The bound duty rate signifies the maximum rate that can be applied to imports, while the MFN (Most Favored Nation) duty rate is the rate applied to all trading partners.

It is important to note that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment in international trade.

Quantity Unit

The quantity unit for watch movements under HS Code 91081140 is the number (NO). This means that the watch movements are measured and traded based on the number of units rather than weight or volume.

Special Tariff Preference Programs

Several special tariff preference programs apply to watch movements under HS Code 91081140. These programs provide preferential treatment in terms of reduced or duty-free rates for specific countries. Here are some notable programs:

• Australia Special Rate: Watch movements are duty-free when imported from Australia.
• Bahrain Special Rate: Watch movements are duty-free when imported from Bahrain.
• NAFTA for Canada: Watch movements receive duty-free treatment when imported from Canada under the North American Free Trade Agreement.
• Africa Growth and Opportunity Act (AGOA): Watch movements receive duty-free treatment when imported from eligible African countries under the AGOA program.
• Caribbean Basin Initiative (CBI): Watch movements receive duty-free treatment when imported from eligible Caribbean countries under the CBI program.
• Israel Special Rate: Watch movements are duty-free when imported from Israel.
• Andean Trade Preference Act (ATPA): Watch movements receive duty-free treatment when imported from eligible Andean countries under the ATPA program.
• Andean Trade Promotion and Drug Eradication Act (ATPDEA): Watch movements receive duty-free treatment when imported from eligible Andean countries under the ATPDEA program.
• Jordan Special Rate: Watch movements are duty-free when imported from Jordan.
• Morocco Special Rate: Watch movements are duty-free when imported from Morocco.
• NAFTA for Mexico: Watch movements receive duty-free treatment when imported from Mexico under the North American Free Trade Agreement.
• Oman Special Rate: Watch movements are duty-free when imported from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Watch movements receive duty-free treatment when imported from eligible DR-CAFTA countries.
• Peru Special Rate: Watch movements are duty-free when imported from Peru.
• Caribbean Basin Trade Partnership Act (CBTPA): Watch movements receive duty-free treatment when imported from eligible Caribbean countries under the CBTPA program.
• Singapore Special Rate: Watch movements are duty-free when imported from Singapore.
• Chile Special Rate: Watch movements are subject to a 4.5% duty rate, with an additional 0.6% duty rate on the battery when imported from Chile.

Importing and Exporting US States

When importing watch movements under HS Code 91081140 to the United States, it is worth noting that the Virgin Islands is one of the US states where these products can be sourced from.

On the export side, watch movements under HS Code 91081140 can be shipped from any US state to various destinations around the world.

Understanding HS Code 91081140 and the associated details is crucial for importers, exporters, and anyone involved in the watch industry. By knowing the specific HS code and relevant information, businesses can navigate international trade regulations, take advantage of preferential programs, and make informed decisions regarding watch movement imports and exports.